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Panetta Open To Making Contractors Share More Costs

Defense secretary nominee Leon Panetta said yesterday he would consider having contractors share in the cost of overbudget weapons, supports current ship-and-aircraft building goals, and is gravely concerned about cybersecurity. Panetta, the current Central Intelligence Agency (CIA) director and President Barack Obama’s pick to succeed Robert Gates as defense secretary, faced friendly interrogators on the Senate Armed Services Committee (SASC) during his confirmation hearing. As expected, Panetta largely reinforced Obama and Gates’ stances on defense spending. Those include Gates’ concern…

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Congress Updates

CBO Estimates Loss of One-Half to Two-Thirds of U.S. Missile Interceptors Since June Last Year

A new Congressional Budget Office report estimates the cost of the Iran war through Aug. 1 as $38 billion and says that the U.S. has likely depleted between one-half and […]


Fischer Says Golden Dome Boosters Need To Increase Capitol Hill Support With Information, Warns Against Counting On Reconciliation

NATIONAL HARBOR, Md. – A Senate Armed Services panel chair today said boosters of the Golden Dome program still have work to do to increase support on Capitol Hill while […]


HII Executive Outlines Its Shipbuilding Acceleration Strategy

An HII [HII] shipbuilding executive last week told lawmakers how the company plans to improve and accelerate shipbuilding throughout via workforce improvements, adding new shipbuilding infrastructure and reinforcing distributed shipbuilding […]


House Sends Dec. 11 CR With Ship Construction Funds To Trump’s Desk For Final Signature

The House on Tuesday passed a stopgap funding bill to keep the government open through Dec. 11, sending the temporary funding measure that also includes funds to support ongoing shipbuilding […]